Funding arb · Price arb /

MET

all MET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni−0.137%7-day average +0.155% · you buy dearer than you sell

Net, funding: paid 7d − costs−$779as in the Funding arb table

Net, price: spread back to 7d avg − costs−$784as in the Price arb table

costs, in and out, $10k−$7557.547% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.247%−$25 on $10k

Price spread, last 4 days (all we have)+0.305%+$30 · spread now −0.137%, 7d avg +0.155%

Together, before fees+0.058%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.292% cheaper against ApeX Omni than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.155%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METUSDT	0.2926	0.0100	pay 0.0013% / 1h	9m 18s	$42K	$115K	50x
Short	KuCoin METUSDTM	0.2922	0.0100	get 0.0050% / 4h	9m 18s	$1.4M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee KuCoinbpOrdersPrice spread, now −0.137%Rate

Funding earned: $0
Price spread: −0.137% → +0.155%: −$29.19
Slippage, 4 orders: −$732.71
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$783.9
Costs to cover: 7.547%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; KuCoin: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 29 min ago	37.71 bp	294.1 bp −$294	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	8.58 bp	79.5 bp −$79	332.4 bp −$3,324	doesn't fit	doesn't fit

MET on 16 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix MET	−0.0247%	1h	0.2928	+0.085%	$14K	$12K	5x	as long as short
GMX MET/USD [WBTC.b-USDC]	L −0.0020% / S +0.0132%	1h	0.2920	−0.205%	$9K	—	50x	as long as short
Lighter MET	+0.0096%	1h	0.2926	−0.010%	$173K	$432K	5x	as long as short
Hyperliquid MET	+0.0100%	1h	0.2923	−0.099%	$4.0M	$1.8M	3x	as long as short
Aster METUSDT	+0.0100%	4h	0.2922	−0.153%	$53K	$23K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2919	−0.239%	$4.9M	$12.9M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2920	−0.205%	$5.1M	$3.4M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2924	−0.068%	$1.3M	$3.6M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2921	−0.171%	$195K	$207K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2920	−0.205%	$986K	$343K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTMshort	+0.0100%	4h	0.2922	−0.137%	$1.4M	$2.8M	50x
Bitget METUSDT	+0.0100%	4h	0.2923	−0.103%	$736K	$812K	25x	as long as short
ApeX Omni METUSDTlong	+0.0100%	1h	0.2926	long leg	$42K	$115K	50x
SunX MET-USDT	+0.0100%	4h	0.2921	−0.171%	$1K	$1.5M	20x	as long as short
BloFin MET-USDT	+0.0340%	4h	0.2903	−0.786%	$297K	$131K	50x	as long as short
Backpack MET_USDC_PERP	+0.0367%	1h	0.2933	+0.236%	$336K	$243K	5x	as long as short